Ryan Larson

The S&P 500 was little changed at 1,883 at 11:14 a.m. in New York after the gauge briefly topped its April 2 record on a closing basis. The 10-year Treasury yield fell two basis points to 2.59 percent, the lowest since Feb. 3.

The Standard & Poor’s 500 Index extended its best monthly rally since 2011 while Treasuries reversed losses and the dollar erased gains as the Federal Reserve refrained from indicating when it will reduce the pace of stimulus.

Treasuries rose for the first time in seven days while Britain’s pound touched to the lowest level since 2010 versus the dollar after U.K. industrial production unexpectedly fell. Most U.S. stocks fell.